Market Report for September 21, 2011

Yesterday, on the RSE the market went up again as Bralirwa hit an all time high of Rwf282 as the market reacted to the half year results announcement from the company.The Brewery realized a Net profit growth of 40.1 per cent to Rwf5.4b driven by a solid operating profit growth. 

Yesterday, on the RSE the market went up again as Bralirwa hit an all time high of Rwf282 as the market reacted to the half year results announcement from the company. 

The Brewery realized a Net profit growth of 40.1 per cent to Rwf5.4b driven by a solid operating profit growth. 

The day’s market turnover more than doubled compared to Tuesday. The total turnover was Rwf156,532,600 recorded from 12,200 BK and 577,000 Bralirwa shares traded in 15 deals.

BK shares traded at Rwf135 and closed at Rwf135 unchanged from yesterday’s closing price. Bralirwa shares traded between Rwf261 and Rwf282 and closed at Rwf282 meaning an increase of Rwf22 from yesterday’s closing price. KCB shares last transacted at Rwf175 while NMG shares last transacted at Rwf1,200.

At the end of formal business hours, there were outstanding offers of 539,000 BK shares between Rwf137 and 150 and a bid of 13, 700 at Rwf135. On the Bralirwa counter, there were outstanding bids of 1,418,300 shares between Rwf263 and Rwf270 and an offer of 5,000 shares at Rwf282.

Ends

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